Also notice how we were radio silent on the trade front news wise besides Bloomberg's annonymous source this morning (5 AM EST) that said something that we already knew? (China's willing to do a watered down deal, buy ag products, shit like that. The manipulation is impressive sometimes.) And it's not like we had a shit ton of buyers today, it was just no one had any conviction on whether to buy or sell or are already positioned. Although it was a nice little short squeeze. What also kills me is we've seen this movie before - if we do end up getting a "trade truce" and "skinny deal" or a partial deal all it'd be is a replay of the G7 meeting in Japan and literally nothing gets done. But, the markets would use it as an excuse to rally and $310/$3100 here we come.
I can see two different scenarios playing out overnight.
Scenario 1. We stay overnight barring any catalysts and resume our low pumpage back to the $294 level until whispers about the meeting start coming to light. There is a downtrend line coming from the original break down candle (top of the symmetrical triangle) but i'm assuming people would want to go for the fat round number of $294. $2950 on ES.
Scenario 2. Some institutional traders or Trump's team or whomever frontran us and that actually is a reversal candle and we gap down and head back to revisit $288 which i would not expect to hold a third time. This could also just be one big ass that just printed as well.
But, at this point your guess is as good as mine. Let me know where you guys stand.